BSE seeks clarification from ICICI Bank

Mumbai, April 13, 2018 22:19 IST

Updated: April 13, 2018 22:19 IST

BSE asks ICICI Bank to clarify on ‘SEBI probe’

BSE has sought a clarification from ICICI Bank on media reports of the Securities and Exchange Board of India (SEBI) probing alleged lapses in corporate governance norms while extending loans to the Videocon Group of Companies. The bank is yet to respond. Earlier, the Central Bureau of Investigation (CBI) had said that it had started a preliminary inquiry into a ₹3,250-crore loan given by ICICI Bank to the Videocon Group and is probing an alleged nexus between Videocon Group chairman Venugopal Dhoot and Deepak Kochhar, the husband of ICICI Bank CEO and MD Chanda Kochhar.